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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (84626)	1/18/2001 1:02:57 PM
From: stevedhu	Read Replies (1) \| Respond to of 95453

jim, PLLL earnings. biz.yahoo.com Steve

To: jim_p who wrote (84626)	1/18/2001 2:06:26 PM
From: cnyndwllr	Read Replies (2) \| Respond to of 95453

Jim p and others; looking past today and this week, I'm curious to know whether you see any significant possibility that in the next few months or even 2-3 years, that drilling activity will slow. Given this administration and unless opec comes apart or there is a massive meltdown in the economy, it seems unlikely to me that this will happen. If exploration holds or increases, what would be the intermediate term risks of oil service stocks at these prices? Looking past the immediate market movements, I'm just curious about how some of the posters here see things for the drillers and service companies. My feeling is that if the intermediate term risk/reward ratio is favorable, it's fine to buy dips and sell peaks or, alternatively, to hold. I believe that this thread is becoming more oriented toward the short term trading strategies than the intermediate or long term, but even though I tend to be a trader, I think that the intermediate and longer term are critical for even short term trading decisions. What happened to the days when yawl laughed at the fools who were selling oil stocks BECAUSE YOU HAD A LONG TERM VIEW? Now yawl seem to vindicate your trading decisions based on what the crowd did today or this week. Ed

To: jim_p who wrote (84626)	1/18/2001 3:39:21 PM
From: isopatch	Read Replies (2) \| Respond to of 95453

JimP. Looks like my "big correction" is arriving early(G). OK with me. As posted, a few days ago, sold my only remaining US E&Ps position last week. Keeping a coupla of partial OS positions also per posts. And last time I looked? My fav little foreign critter, LOILY, was UP again even in the middle of this bloodbath! Slate is clean...radar is locked on...and we are tracking targets for the next important low. No 1 or 2 day wonders need apply(g). Should have a bounce here maybe as soon as tomorrow. Then resume the decline. CASH IS KING...and tech ain't my thing. Maybe something here and there. But that's about it. Don't like always being in harness with a lot of positions. Taking little breaks here and there is fun and I come back to the tape fresh and relaxed. Positioned exactly where I want to be - CASH - and my favs are coming to me. As a reward, gave myself most of the day off to go out hiking. Another beautiful & mild mid-West day. Best Iso